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01/13
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now in march, another round of fighting as congress tackles the debt ceiling. reporting live, sherrie johnson. >> after this happened maryland congressman andy harris released a statement in part reading, i oppose this legislation that increases taxes on 77% of people in my district. and here's why congressman harris says the deal actually raises taxes on most americans. that deal prevented an increase on income taxes but you will have to pay more coming out of your paycheck. that's because this deal didn't extend to the payroll tax holiday which means someone earning 50,000 dollars a year will pay about 1,000 dollars more a year in social security taxes. >>> an update for you on the condition of secretary of state hillary clinton. she remains in new york hospital after a blood clot was discovered in a vein between her brain and skull. a doctor not involved with this case talked about the secretary of state's recovery. >> she should refrom this. she will be treated with blood thinners i can't say how long because i don't know all circumstances but minimum of 3
now in march, another round of fighting as congress tackles the debt ceiling. reporting live, sherrie johnson. >> after this happened maryland congressman andy harris released a statement in part reading, i oppose this legislation that increases taxes on 77% of people in my district. and here's why congressman harris says the deal actually raises taxes on most americans. that deal prevented an increase on income taxes but you will have to pay more coming out of your paycheck. that's...
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Dec 31, 2012
12/12
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KCSM
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let me ask you another question -- do members of congress read polls? it is a serious question. approvalago, congress' rating was 18%, an improvement over august where it was 10%. if this good deal -- the fiscal could deal -- the fiscal cliff deal. you think during their well- earned christmas break, both sides would find a way to come together and do something. >> this is not the fault of congress. congress is behaving like congress. this is the president's fault here the president needs to go to the country and explain why they need to get this done. he has never done this. >> i have heard him talk about it over and over incessantly about why we have to avoid the fiscal clip. it is the fault of congress. they created this fiscal cliff. they did it. no one else imposed this on them. >> the president has never gone to the nation and made a serious speech about dt. he ignored it the first two years. he appoints a commission that he studiously ignores for the next two years. that is why we are at the clip now. he is not serious about the debt. none of his proposals to raise taxes
let me ask you another question -- do members of congress read polls? it is a serious question. approvalago, congress' rating was 18%, an improvement over august where it was 10%. if this good deal -- the fiscal could deal -- the fiscal cliff deal. you think during their well- earned christmas break, both sides would find a way to come together and do something. >> this is not the fault of congress. congress is behaving like congress. this is the president's fault here the president needs...
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between congress and the white house. mark matthews is here with what is ahead and also a talked about step last night to help wealthier taxpayer autos they put off action on the spending cut portion of the fiscal cliff. they're going to take cuts up in about two months from now, just about the time we'll hit the next debt ceiling. republicans prom yilgs a big fight over that. tonight a little pro vision in the deal that affects something called alternative minimum tax. congress instituted the tax in 1969 to go after millionaire adds voiding income taxes by claiming big deduction autos this was common. you can get into leveraged ky= very]c-k?ms >> so last night, whenc1]c congress passed tax cuts there was a pro vision to amt accounting for inflation. to e]8ain the impact they showed me a tax return for someone making $150,000 a year. >> this person is single, he's over that amount. >> our taxpayer still got hit with the amt. and the new adjustments didn't seem to be that big of a deal. >> i don't think it is. a few peopl
between congress and the white house. mark matthews is here with what is ahead and also a talked about step last night to help wealthier taxpayer autos they put off action on the spending cut portion of the fiscal cliff. they're going to take cuts up in about two months from now, just about the time we'll hit the next debt ceiling. republicans prom yilgs a big fight over that. tonight a little pro vision in the deal that affects something called alternative minimum tax. congress instituted the...
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Jan 2, 2013
01/13
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CSPAN
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we can't wait for the next congress or another couple weeks or another couple months. what i don't understand, mr. speaker, is how is it possible that this has become a political issue? it is clear that we are here today, we can vote on this. the votes are clearly there. we should have an open debate. that's what democracy is all about. and all of a sudden because the tea party or some conservative element is worried that they have to vote on another spending bill, all of a sudden the speaker says we can't do this today. this is politicizing a situation that should not be political. and it is another example of what i call the do-nothing congress. this congress did very little. it has fewer bills passed in anybody's memory. rather than go out on this negative note about not bringing up an emergency because of the hurricane, one of the devastating natural disasters, why not do something positive on a bipartisan basis, mr. speaker, bring this up. let us have an open debate. we are still here. and don't let this congress die on this negative note. let it build on a positi
we can't wait for the next congress or another couple weeks or another couple months. what i don't understand, mr. speaker, is how is it possible that this has become a political issue? it is clear that we are here today, we can vote on this. the votes are clearly there. we should have an open debate. that's what democracy is all about. and all of a sudden because the tea party or some conservative element is worried that they have to vote on another spending bill, all of a sudden the speaker...
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Dec 30, 2012
12/12
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KPIX
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will enter another recession, and yet congress can't get anything done >> there is a little bit of a cushion there. the i.r.s. didn't expect that we would get to this point. they thought congress would work something out, so it's not as if people's paychecks are going to see higher withholdings on january 1. it's going to take a few weeks for that to kick in. so if congress doesn't work out a deal by the deadline but can figure out something shortly thereafter, there is a chance that people won't see an increase. >> o'donnell: major garrett and nancy cordes, thank you so much. and we will be right back. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be
will enter another recession, and yet congress can't get anything done >> there is a little bit of a cushion there. the i.r.s. didn't expect that we would get to this point. they thought congress would work something out, so it's not as if people's paychecks are going to see higher withholdings on january 1. it's going to take a few weeks for that to kick in. so if congress doesn't work out a deal by the deadline but can figure out something shortly thereafter, there is a chance that...
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i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. let me repeat, we can't not pay bills that we have already incurred. >> the president a big winner on taxes. house republicans have the stomach for another fiscal fight . moron guns than a new viral video exposing the celluloid the rules for what they are. participants in a culture of hollywood hypocrisy. it turns out the idea of armed guards and police and schools is a pretty good idea after all. no security problems in the "herald" district's school in texas. their teachers carry firearms. ♪ lou: background checks for gun purchases hitting a new record high last month. the fbi conducting almost 3 million background checks on people wanting to buy guns in the month ofdecember alone. that surpassed the previous record of 2 million in november of last year. background checks for the year came in and just under 20 million, nearly 20% increase from the previous year. these papers hired armed guards after it published maps h
i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. let me repeat, we can't not pay bills that we have already incurred. >> the president a big winner on taxes. house republicans have the stomach for another fiscal fight . moron guns than a new viral video exposing the celluloid the rules for what they are. participants in a culture of hollywood hypocrisy. it turns out the idea...
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Jan 3, 2013
01/13
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LINKTV
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congress approved a deal that averted the threat of another recession. that is until the more crucial deadline arrives in less than two months when the debt limit will need to be increased. >> hopefully will focus on saying if we can put a package like this together. with less trauma and less brinksmanship. and not scare the heck out of coke's sprite as much. this includes major tax increases affecting three in four households. the head to the pocketbooks is to not to hikes in income-tax rates but the end of a 2-year- long payroll tax holiday. >> i have not decided how much is going to impact me. i do not think others will be happy about it. they are more likely middle- class and that will be more money out of their pockets. >> wage earners making up to $30,000 will pay $300 a year extra. $822 for households making up to $75,000. 1700 for those earning up to $200,000.2700 on the income of half a million dollars. the big hits will be felt by the topmost earners whose income tax rates rise. millionaires will pay $170,000 more. hanging messiness has frustra
congress approved a deal that averted the threat of another recession. that is until the more crucial deadline arrives in less than two months when the debt limit will need to be increased. >> hopefully will focus on saying if we can put a package like this together. with less trauma and less brinksmanship. and not scare the heck out of coke's sprite as much. this includes major tax increases affecting three in four households. the head to the pocketbooks is to not to hikes in income-tax...
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Jan 2, 2013
01/13
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. >> i will not have another debate with this congress on whether not we should pay the bills they have already racked up. >> the president thinks he is not going to negotiate, think again. he is not emperor of the planet. >> it might take a default, another downgrade. serious economic consequences to told us back to some kind of reality. that is a frightening prospect. >> of the congressional scholar says it could look like a tribal war appear. >> the agreement doesn't address all the fiscal problems, but they're coming together to avoid part of the economic turmoil. >> i really admire the republicans that came together with us so that we would not go into sequestration. >> the lesson i hope we have learned is that democrats and republicans need to come together much earlier in the process and do it in an earlier way. >> we are breaking down how the last minute deal has fallen into place. lower and middle income taxpayers are big winners, but there are also big losers. we have the details on the mobile application. >> and now, your forecast of the chief meteorologist. >> moving across
. >> i will not have another debate with this congress on whether not we should pay the bills they have already racked up. >> the president thinks he is not going to negotiate, think again. he is not emperor of the planet. >> it might take a default, another downgrade. serious economic consequences to told us back to some kind of reality. that is a frightening prospect. >> of the congressional scholar says it could look like a tribal war appear. >> the agreement...
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Jan 2, 2013
01/13
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WUSA
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i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they have passed. let me repeat. we can't not pay the bills that we have already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. far worse than the impacts of the fiscal cliff. and people, they will remember back in 2011, the last time that this course of action was threatened, our entire recovery was put at risk, consumer confidence plunged, the business investment plunged and gross dropped. in today's agreement, they will remain in place as long as i am president. the deficit needs to be reduced in the way it is balanced as everyone needs to pay their fair share as everyone needs to pay their parts. that's how our economy works best. that's how we grow. the subtotal of all the budget agreements that we have reached so far proves that there is a path forward that it is possible. and if we focus not only on o
i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they have passed. let me repeat. we can't not pay the bills that we have already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. far worse than the impacts of the fiscal cliff. and people, they will remember back in...
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there will be a vote on another $51 billion later this month. the senate will also have to approve the legislation. >>> 6:07 the time. a case of parking lot rage caught on camera. a teen bumped by an suv. wait until you hear who's behind the wheel. >>> plus, an icy cold morning and a big trouble spot on the roads. (woman) 3 days of walking to give a break cancer survivor a lifetime-- that's definitely a fair trade. whoo! you walk with friends, you meet new friends, and you keep those friendships. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful ♪ undeniable (woman) why walk 60 miles in the boldest breast cancer event in history? because everyone deserves a lifetime. visit the3day.org to register or to request more information and receive a free 3-day bracelet today. ♪ building up from deep inside it was 3 days of pure joy. susan g. komen's investments in early detection and treatment have helped reduce breast cancer mortality in the u.s. by 33% since 1990. help us continue serving the millions of women and men with br
there will be a vote on another $51 billion later this month. the senate will also have to approve the legislation. >>> 6:07 the time. a case of parking lot rage caught on camera. a teen bumped by an suv. wait until you hear who's behind the wheel. >>> plus, an icy cold morning and a big trouble spot on the roads. (woman) 3 days of walking to give a break cancer survivor a lifetime-- that's definitely a fair trade. whoo! you walk with friends, you meet new friends, and you...
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Jan 2, 2013
01/13
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WBAL
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one fight down is another taken up. the president and congress have set the stage for what could be the next fiscal cliff. nearly 24 hours after the new year deadline, but before a real world crisis set in, congress finally acted. >> the nays are 167. the motion is adopted. >> reporter: to cut some taxes permanently and delay for just two months severe military and federal spending cuts. that gave president obama reason to make a rare late-night stop in the briefing room. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. >> reporter: the president quickly turned from thanking congress to calling them out over raising the country's borrowing limit, the debt ceiling, necessary within weeks. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >> reporter: many in both parties remain frustrated that the fiscal cliff deal does not cut the defici
one fight down is another taken up. the president and congress have set the stage for what could be the next fiscal cliff. nearly 24 hours after the new year deadline, but before a real world crisis set in, congress finally acted. >> the nays are 167. the motion is adopted. >> reporter: to cut some taxes permanently and delay for just two months severe military and federal spending cuts. that gave president obama reason to make a rare late-night stop in the briefing room. >>...
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even with trillion dollar deficits congress can't put limits on its spending so we may get another downgrade. ratings agencies repeated the warning because we can't get a grip on spending and debt and then there is al gore. he's selling his tv network to al-jazee al-jazeera, is that an inconvenient truth? "varney & company" is about to begin. [ male announcer ] where do you turn for legal matters? maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended
even with trillion dollar deficits congress can't put limits on its spending so we may get another downgrade. ratings agencies repeated the warning because we can't get a grip on spending and debt and then there is al gore. he's selling his tv network to al-jazee al-jazeera, is that an inconvenient truth? "varney & company" is about to begin. [ male announcer ] where do you turn for legal matters? maybe you want to incorporate a business. orrotect your family with a will or living...
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Jan 3, 2013
01/13
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CURRENT
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. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >> eliot: for more on the fiscal cliff votes that transfixed washington this week, i'm joined by vermont's independent senator bernie sanders who voted yes on the fiscal cliff bill. thank you for joining us. >> thank you japan first. >> eliot: first explain why you came down in favor of this bill that is getting a fair bit of criticism from both sides of the aisle. >> it was a tough vote, and i would not be honest with you if i said i didn't consider voting no. if we go over the cliff and 5 trillion-dollar is taken out of the economy you're heading into a major recession, more unemployment. the fact that we prevented 99% of americans from paying higher income taxes very important. two million workers will continue to get unemployment benefits. very important. seniors on medicare will be able to walk into the doctor's office and get treated rather than see their doctors get a 27% reduction in their reimbursement rates. those are the reasons why i voted f
. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >> eliot: for more on the fiscal cliff votes that transfixed washington this week, i'm joined by vermont's independent senator bernie sanders who voted yes on the fiscal cliff bill. thank you for joining us. >> thank you japan first. >> eliot: first explain why you came down in favor of this bill that is getting a fair bit of criticism from...
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Jan 2, 2013
01/13
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nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already wracked up. >>> wall street is ready to rally this morning, after the late night binlget etbudget break-through in washington. >> will this rally last? >>> sandy hook eleme y school students are about to head back to class three weeks after the shooting. classes resume thursday at a repurposed school in nearby monroe. students have toured the school and an open house is set for today. >>> the shell ail rig has run aground off the coast of alaska. no oil leaking. crew members were evacuated. >>> a paparazzi was killed while trying to get a picture of justin bieber. >> he's free he says i'll take care of business. >> all that a soldier's surprise homecoming at the rose parade in california. >> oh, that's beautiful. makes me cry. >> and all that matters. >> members of congress are furious after the house went home without voting on a relief bill for hurricane sandy victims. >> absolutely inexcusable, absolutely indefensible. we have a moral obligation t
nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already wracked up. >>> wall street is ready to rally this morning, after the late night binlget etbudget break-through in washington. >> will this rally last? >>> sandy hook eleme y school students are about to head back to class three weeks after the shooting. classes resume thursday at a repurposed school in nearby monroe. students...
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Jan 2, 2013
01/13
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WUSA
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. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >>> wall street is ready to rally this morning after the late-night budget breakthrough in washington. >>> asian markets got a big boost over news of the agramt. >>> horng congress's hang seng gained nearly 3%. >>> sandy hook elementary students are about to head back to class three weeks after a shooting. classes return to a repurposed school. >>> an open house is set for today. >>> a shell oil rig has run aground off the coast of alaska. >>> no oil is leaking. all members have been evacuated. >>> they captured photos of justin bean 'eers car. >> but he wasn't driving, and he wasn't in the car at all. >>> what a hit! >> he says i'll take care of business. >>> all that -- >> a soldier's surprise homecoming at the rose parade in california. >> oh, that's beautiful. >> makes me cry. >>> -- and all that matters. >> members of congress are for russ after the house went home without voegt on a leaf bill for victims of hurricane sandy. >> absolutely defensive
. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >>> wall street is ready to rally this morning after the late-night budget breakthrough in washington. >>> asian markets got a big boost over news of the agramt. >>> horng congress's hang seng gained nearly 3%. >>> sandy hook elementary students are about to head back to class three weeks after a shooting. classes return...
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Jan 2, 2013
01/13
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WUSA
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then we'll probably go another round in the fall when congress goes head to head over the 2014 budget and the same issues could come to the floor. this is not to mention the democrats and republicans still have to come up with some sort of deal on sequestration. the current congress kicked the can down the road on budget cuts during the last round of discussions on the fiscal cliff. now it's up to the new congress to come up with a grand bargain or find another creative way to kick the can down the road yet again. get ready for it. it's going to be a bumpy ride. >> seems like we go debt ceiling and then all these other ancillary kinds of things. you still can't tell what your paycheck is going to look like. every time you clear one hurdle, okay, now what? >> we keep having the same fights over and over again. we've got the fiscal cliff. we've got the budget. we've got sequestration. it's all part of the same problem. the problem is we have too much debt, a lot of revenue. we're taking a lot of revenue from taxpayers. so they demand more because our spending is up. the size of governme
then we'll probably go another round in the fall when congress goes head to head over the 2014 budget and the same issues could come to the floor. this is not to mention the democrats and republicans still have to come up with some sort of deal on sequestration. the current congress kicked the can down the road on budget cuts during the last round of discussions on the fiscal cliff. now it's up to the new congress to come up with a grand bargain or find another creative way to kick the can down...
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i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. let me repeat, we can't not pay bills that we have already incurred. >> the president a big winner on taxes. house republicans have the stomach for another fiscal fight . moron guns than a new viral video exposing the celluloid the rules for what they are. participants in a culture of hollywood hypocrisy. it turns out the idea of armed guards and police and schools is a pretty good idea after all. no security problems in the "herald" district's school in texas. their teachers carry firearms. she's still the one for you - you know it even after all these years. but your erectile sfunction you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treaed and symptoms of bph, like needingo go frequently or urgently. tell yr doctor about all your
i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. let me repeat, we can't not pay bills that we have already incurred. >> the president a big winner on taxes. house republicans have the stomach for another fiscal fight . moron guns than a new viral video exposing the celluloid the rules for what they are. participants in a culture of hollywood hypocrisy. it turns out the idea...
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things i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. and we repeat. we can't not pay bills that we've already incurred. if now this is what the debt ceiling does is it authorizes congress to pay bills that have already been run up by congress congress authorizes spending and then the executive branch has to write the check the treasury department i think this is actually a very hypocritical statement from the president i mean he signed all these bills into law so it's just as much his responsibility as congress the constitution says all taxing and spending authority rest of the house of representatives all legislation has to region but it is what it is a hypocritical state for him this is coming from the you know the president who passed the largest task tax increase on americans and american history and he was going to. share middle class tax code common care obama care is a tax thing trees i'm sorry but the supreme court ruled that it is in fact in fact a tax you can't
things i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. and we repeat. we can't not pay bills that we've already incurred. if now this is what the debt ceiling does is it authorizes congress to pay bills that have already been run up by congress congress authorizes spending and then the executive branch has to write the check the treasury department i think this is actually a very...
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Jan 2, 2013
01/13
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MSNBCW
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. >> i will not have another debate over this congress whether or not they should pay the bills they've already racked up. >> the bill as amended is passed. >> 89-8. that is absolutely historic. >> new year's eve produced by a bunch of sleep deprived doctrinenaraians. >> it reminds me of the jokes where someone stopped hitting you in the head with a hammer and you're supposed to say thank you. we created this monster. >> the yeas are 267. the nays are 167. >> so we have this totally dysfunctional senate. therefore a dysfunctional congress. >> it's not a violation. >> technically these are still tax cuts? >> correct. >> a hopefully the new year will focus on less drama, not scare the heck out of folks quite as much. >> let's get right to our panel here with me are krystal ball one of the hosts of msnbc's "the cycle" and jimmy williams an msnbc contributor. krystal, the fiscal cliff fight may be over but we heard many of them looking forward to a debt ceiling fight where medicare and taxes will be fought over. do these people not learn anything from 2011 when the credit worthiness of this
. >> i will not have another debate over this congress whether or not they should pay the bills they've already racked up. >> the bill as amended is passed. >> 89-8. that is absolutely historic. >> new year's eve produced by a bunch of sleep deprived doctrinenaraians. >> it reminds me of the jokes where someone stopped hitting you in the head with a hammer and you're supposed to say thank you. we created this monster. >> the yeas are 267. the nays are 167....
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Jan 2, 2013
01/13
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KRON
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while we negotiate over several things are will not have another debate with this congress over weather or not they should pay the bills that they have already racked up. through laws they have already passed. let me repeat. we cannot not pay bills that we have already incurred. congress refuses to give the united states government the ability to pay these bills on time. the consequences for the entire global economy will be catastrophic. far worse than the fiscal cliff. if you remember in 2011, the last time this course of march and was threatened, the entire recovery was put at risk. the super confidence plunged consumer confidence plunged. we cannot go down that path. today's agreement will chime in to the principle of the law as long as i am president. the deficit needs to be reduced with a more balanced budget. everybody pays their fair share everybody does their part. that is how or our economy works best. the son of a total of all the budget agreement's the we have reached so far proves that there is a payoff board. and it is possible if we focused not on our politics but on what
while we negotiate over several things are will not have another debate with this congress over weather or not they should pay the bills that they have already racked up. through laws they have already passed. let me repeat. we cannot not pay bills that we have already incurred. congress refuses to give the united states government the ability to pay these bills on time. the consequences for the entire global economy will be catastrophic. far worse than the fiscal cliff. if you remember in...
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Dec 29, 2012
12/12
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anyway, ellington is up for library of congress. there's another guy affair, a real wizard. and reagan's staff wanted that guy. so i'm sitting next to ronald reagan. by really about the guy. i'm in his diary a lot of tell you. i said i think you want to think of this guy, billington. he said why would that be? i said he hates commies. [laughter] and i said not only that, he knows russian fluently. he can tell just exactly what they're saying. he said really? three days later -- [laughter] [applause] great story. and a john dingell, where's that rascal? pni -- i know, but i can't stop. [laughter] but dingell and i used them in a conference committee said he would say, look, we are going to get this done and i said who are you going to before the 10 days is over? he named a guy. he said what i should do something with the staff of the committee in the senate? is that i can't come if they are tougher than i am. but then we got together and beat them two days. chuck robb and i were on the iraq study group. both have been? the word compromise now means you are a wimp. that's madn
anyway, ellington is up for library of congress. there's another guy affair, a real wizard. and reagan's staff wanted that guy. so i'm sitting next to ronald reagan. by really about the guy. i'm in his diary a lot of tell you. i said i think you want to think of this guy, billington. he said why would that be? i said he hates commies. [laughter] and i said not only that, he knows russian fluently. he can tell just exactly what they're saying. he said really? three days later -- [laughter]...
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another cliff is coming just two months from now. congress will have to act to raise the debt ceiling. lou dobbs is here now to weigh in. -- raise the debt ceiling. >> i have to say i'm just relegating to all this the same trash heap that originated mayan apocalypse as well as the fiscal cliff. i'm not paying attention to their bull anymore. melissa: no. >> it gets kind of funny when you think about it, democrats save us from the republicans, republicans are saving us from the democrats. taxes just about everybody going up 2% because of the end of the payroll tax holiday. and the president is going to just talk about he nailed those rich son of a guns. melissa: yeah, good for him. >> meanwhile everybody's taking it in the ear is the expression goes i suppose. lori: it is just mind-boggling just how everything kind of came down over the new year's holiday and now, we got that deal, but, it's reich, it accomplished so little and it is debatable i understand, but there are still so many -- >> there is nothing debatable about washington.
another cliff is coming just two months from now. congress will have to act to raise the debt ceiling. lou dobbs is here now to weigh in. -- raise the debt ceiling. >> i have to say i'm just relegating to all this the same trash heap that originated mayan apocalypse as well as the fiscal cliff. i'm not paying attention to their bull anymore. melissa: no. >> it gets kind of funny when you think about it, democrats save us from the republicans, republicans are saving us from the...
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. >> but republicans are already looking ahead to another budget showdown in late february. that's when the temporary delay on domestic and military spending cuts expires and when congress must raise the $16.4 trillion debt ceiling limit to avoid default. >> save your powder for the debt ceiling fight. we have leverage at the debt ceiling to make this president face up to the fact that we're spending our way into oblivion. >> last night, the president warned republicans not to use the debt ceiling as a bargaining chip. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> nbc's kelly o'donnell is live on capitol hill. and nbc's mike viqueira joins us from the white house. kelly, let's start with you. you look remarkably well for what i can only mablg has been a rough last couple of days. >> oh, you're kind, chris, thank you. >> we rolled out kind of a basic nuts and bolts of the deal. give me a sense on what the mood is, how people are feeling? do people
. >> but republicans are already looking ahead to another budget showdown in late february. that's when the temporary delay on domestic and military spending cuts expires and when congress must raise the $16.4 trillion debt ceiling limit to avoid default. >> save your powder for the debt ceiling fight. we have leverage at the debt ceiling to make this president face up to the fact that we're spending our way into oblivion. >> last night, the president warned republicans not to...
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but the fiscal cliff deal also set up another confrontation between congress and the white house. political reporter mark matthews with what is ahead and a little talked about step congress took last night to help wealthier taxpayers. >> congress instituted the the alternative minimum tax back in 1969 to go after millionaires who were avoiding income taxes by claiming big deductions. >> and this was quite common where you could get into leveraged investments that would produce very high level amounts of deductions. >> brian is a san francisco-based tax specialist who has been writing about the alternative minimum tax and how it has gradually been hitting more tax paces than originally intended. >> it is not going to hit people that are in the $40,000 or $50,000 bracket. >> but if you are a couple making 150 and above. >> then the amt could come into play. >> reporter: particularly because the law intended to catch the wealthy was never adjusted for inflation and wages and prices, well, they have gone up a bit since 1969. , trapping more and more of the middle class in the alternat
but the fiscal cliff deal also set up another confrontation between congress and the white house. political reporter mark matthews with what is ahead and a little talked about step congress took last night to help wealthier taxpayers. >> congress instituted the the alternative minimum tax back in 1969 to go after millionaires who were avoiding income taxes by claiming big deductions. >> and this was quite common where you could get into leveraged investments that would produce very...
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. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >> joining me live, democratic congresswoman chair of the democratic national committee and member of the budget committee. thanks for being on the show. >> thanks for having me. >> you hear president obama say he's not going to negotiate on the debt limit. you heard lindsay graham say there save it for the debt battle. how far are they willing to go to prevent any debt accruing on that number. what gives you confidence the president will not net on this and what can he do to avoid negotiating on this? >> i think inwho has observed president obama over making sure that we could have a balanced approach to beginning deficit reduction has seen what's on the table and his willingness to compromise and what he's not willing to compromise on. let's look at what the republicans are using as a leverage point, no less than the full faith and credit of the united states. we got a good window in what happens when you do th
. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >> joining me live, democratic congresswoman chair of the democratic national committee and member of the budget committee. thanks for being on the show. >> thanks for having me. >> you hear president obama say he's not going to negotiate on the debt limit. you heard lindsay graham say there save it...
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congress could pass a temporary measure early that would roll back any changes. political analysts warn some consequences may be immediate. >> maybe a tremendous response and that would alarm everybody. >> stock prices dropped friday after a republican-led plan collapsed. nearly half of americans are doubtful the two sides can settle their differences. >> when the uncertain. tax rates will go up on 30 million households at least. that is something the politicians are going to respond to. >> house republican leaders called on the senate to pass to bills they said would avoid the fiscal cliff. republicans said the lines of communication are still open but the house will not act until the democratically controlled senate does. >> at the maryland due in baltimore, the african lions were not in their native habitat because it was snowing. the weather was so bad that these do closed -- the zoo closed for the day. the snow did not bother the residents of this lion park pret. >> they are tougher than the ones in maryland. we had a couple of inches of snow this morning. w
congress could pass a temporary measure early that would roll back any changes. political analysts warn some consequences may be immediate. >> maybe a tremendous response and that would alarm everybody. >> stock prices dropped friday after a republican-led plan collapsed. nearly half of americans are doubtful the two sides can settle their differences. >> when the uncertain. tax rates will go up on 30 million households at least. that is something the politicians are going to...
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congress has adjourned. and late last night, after midnight, the president left for hawaii to meet with his family. and hopefully, he thinks for a few days' vacation. >> you mentioned the breathing per feelings got raw at the last minute. >> reporter: it got really nasty. politico first reported on friday when the congressional leaders met here at the white house, speaker of the house john boehner told the democratic leader, harry reid, off, use uhhing language i can't use here on "good morning america." >> you can't even paraphrase. >>> let's look at what the deal means to you at home. lots of paycheck changes right now. and bianna golodryga is at the smart screen to break it down. about 99% of americans protected from an increase. but most workers will take a hit. >> payroll taxes going up. this affects everyone making $110,000 or less. so, this year, anyone making $110,000 will pay an extra $2,200 in taxes. people making $50,000 will pay an extra $1,000. and someone making $20,000 a year will pay more $40
congress has adjourned. and late last night, after midnight, the president left for hawaii to meet with his family. and hopefully, he thinks for a few days' vacation. >> you mentioned the breathing per feelings got raw at the last minute. >> reporter: it got really nasty. politico first reported on friday when the congressional leaders met here at the white house, speaker of the house john boehner told the democratic leader, harry reid, off, use uhhing language i can't use here on...
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shame on congress. disaster relief was something that you didn't play games with. but now in the current atmosphere, everything is the subject of oneupsmanship. everything is a possibility, a potential piece of bait for the political game and it's just -- it is why the american people hate congress. >> republican congressman peter king of new york said that john boehner's action was like a knife in the back and had threatened not to vote for him for speaker again. >> what was most galling about this is that within ten days of katrina, we gladly voted $60 billion and went over 100 billion ultimately. it's now nine weeks since sandy struck long island and new york, new jersey and we have not gotten a penny from the united states congress and we play by the rules. >> new jersey and new york were among the hardest hit by superstorm sandy, the hardest hit. and of course, they are states that send a lot more to washington than they get back. "outfront" tonight, gregory meeks of new york, he represents a district that suffered some of the most damage. a lot of people belo
shame on congress. disaster relief was something that you didn't play games with. but now in the current atmosphere, everything is the subject of oneupsmanship. everything is a possibility, a potential piece of bait for the political game and it's just -- it is why the american people hate congress. >> republican congressman peter king of new york said that john boehner's action was like a knife in the back and had threatened not to vote for him for speaker again. >> what was most...
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another downgrade. the serious economic consequences that flow from it to jolt us back to some kind of reality. >> reporter: a new congress with old issues, still undecided. and on a short deadline, too, because it looks like we could hit that debt ceiling in just a few weeks, mara. >> all right, tracie potts, thanks for that. for a look at the weather here's nbc meteorologist bill karins. bill, happy new year. >> happy new year to you. did you enjoy some minor time off. >> a little bit. i got to sleep in one day. >>> good morning, everyone, it's a very cold weather pattern across the nation, there's no big storms to talk about. and a little light rain to deal with down there in louisiana. portions of southern mississippi and definitely the southern half of alabama but that's really about it. temperatures are more or less the story. the big question is, is this the coldest week of winter? who knows how it's going to play out but it's been really cold especially in the northern plains and a cold blast up
another downgrade. the serious economic consequences that flow from it to jolt us back to some kind of reality. >> reporter: a new congress with old issues, still undecided. and on a short deadline, too, because it looks like we could hit that debt ceiling in just a few weeks, mara. >> all right, tracie potts, thanks for that. for a look at the weather here's nbc meteorologist bill karins. bill, happy new year. >> happy new year to you. did you enjoy some minor time off....
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. >> reporter: congress steered away from this fiscal cliff at the last minute, but another showdown is just around the corner. in two months the treasury will need to increase how much the country can borrow and lawmakers must approve it. the last time congress fought over the debt ceiling, america's credit rating was downgraded. the president says that doesn't need to happen again. >> the one thing i think that hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship. >> reporter: the president will be trying to reach a debt ceiling deal with a new congress. winners from the november election will be sworn in tomorrow. tara mergener for cbs news, capitol hill. >>> it is a small step to getting our fiscal problems in order, but only for a couple of months. the stopgap measure appears, however, to be having a positive effect on wall street. the dow above 200 points and both the nasdaq and s&p 500 are up. of course there is reaction from taxpayers. our surae chinn is on capitol hill with mor
. >> reporter: congress steered away from this fiscal cliff at the last minute, but another showdown is just around the corner. in two months the treasury will need to increase how much the country can borrow and lawmakers must approve it. the last time congress fought over the debt ceiling, america's credit rating was downgraded. the president says that doesn't need to happen again. >> the one thing i think that hopefully in the new year we'll focus on is seeing if we can put a...
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we've been burying one of offerings while congress and we've had shootouts at the funeral when another one of our weight gets killed at the funeral and then. so as we live amongst each other there might be one street it might be one gas station the service too with three different gangs when i get to the gas station i have to find out what are your intentions with me while i'm pumping gas so i cannot turn my back and allow you to shoot me or hit me in the back to here to look you in your eyes and see your intentions and when i look you in your eyes i'm looking to see if you would feel wolf and i'm a wolf then we need to come to some sort of agreement so we can both get out of here peacefully. and if your porch up i'm happy to let me go and get my guestbook up i appreciate you being here when i was in the communities talking to guys in the game see and lots of content and with that so many of these particularly the younger guys had never seen the pacific ocean in a gang infested community there are situations where people will not believe a given two block radius for years polite this m
we've been burying one of offerings while congress and we've had shootouts at the funeral when another one of our weight gets killed at the funeral and then. so as we live amongst each other there might be one street it might be one gas station the service too with three different gangs when i get to the gas station i have to find out what are your intentions with me while i'm pumping gas so i cannot turn my back and allow you to shoot me or hit me in the back to here to look you in your eyes...
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setting tteestage for another fight n capital hill. the new year brings violence in sacramento, california... where two eople were killed and three others injured. injured.40-thousand people gathered in old sacramento for gunfire erupted.officers rushhd to close-off the crime scene... and the midnight celeeration was cancelee.no worrdon what prompteddthe shooting... or a suspect. as we cllsed out 2012 in paltimore... nn nummer rings out... tte murder count.there were 216 homicides.... compared to 117 in all f was more violent in the city of baltimore.paul gessler has more on how community leaders pre reeembering the city's homicide victims. (reading names)aa balttmore prepares to ring in the neww year...(nnmes))ommuniiy &pleaders look back at the namms are read aloud.19.21.22 reading names "floyd dorsey, 59--that's my cousin-- michael williams, 45....victims of violencc... and part f thee city's growing homicide rate. commissioner nthony batts, baltimore ciiy police:"too many lives being lost. that's too many brothers, too many uncles,
setting tteestage for another fight n capital hill. the new year brings violence in sacramento, california... where two eople were killed and three others injured. injured.40-thousand people gathered in old sacramento for gunfire erupted.officers rushhd to close-off the crime scene... and the midnight celeeration was cancelee.no worrdon what prompteddthe shooting... or a suspect. as we cllsed out 2012 in paltimore... nn nummer rings out... tte murder count.there were 216 homicides.... compared...
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. >> reporter: congress steered away from the "fiscal cliff" at the last minute but another showdown is just around the corner. in two months, the treasury will need to increase how much the country can borrow and lawmakers must approve it. the last time congress fought over the debt ceiling, america's credit rating was downgraded. the president says that doesn't need to happen again. >> the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship. >> reporter: the payroll tax holiday expired. that means less money in most people's paychecks. the bill did not address that. on capitol hill, i'm tara mergener for cbs 5. >>> and stocks shot up sharply this morning on the first day of trading in 2013 jumping more than 200 points at the open. it is wall street's biggest rally in six months. things are still looking good at this hour. they are up about 237 points. now, economists caution that this euphoria in the markets could be short-lived as lawmakers now have to agree o
. >> reporter: congress steered away from the "fiscal cliff" at the last minute but another showdown is just around the corner. in two months, the treasury will need to increase how much the country can borrow and lawmakers must approve it. the last time congress fought over the debt ceiling, america's credit rating was downgraded. the president says that doesn't need to happen again. >> the one thing that i think hopefully in the new year we'll focus on is seeing if we...
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. >> we will not have another debate with this congress over whether or not they should be the bills that they have already rack up. >> if the president thinks he 'not going to negotiate, he better thing again. >> john boehner signaled a return to a hard line on spending by delays a vote on aid to the victims of hurricane sandy. several members of his own party immediately and loudly blasted him this afternoon, including new jersey governor chris christie. the speaker has now scheduled a vote for friday and a second vote on january 15th. >>> and the speaker has just responded to that criticism through a spokesman this evening. nbc news correspondent mike viqueira is nbc's washington bureau right now. mike, how much support does the speaker have right now to stay in that position? >> you know, jim, that's a great question. there's been a lot of speculation over the last couple days. after all that turmoil yesterday, where there was a back and forth, a question whether house republicans would go along with the overwhelming bipartisan vote, there were republicans very angry about that v
. >> we will not have another debate with this congress over whether or not they should be the bills that they have already rack up. >> if the president thinks he 'not going to negotiate, he better thing again. >> john boehner signaled a return to a hard line on spending by delays a vote on aid to the victims of hurricane sandy. several members of his own party immediately and loudly blasted him this afternoon, including new jersey governor chris christie. the speaker has now...
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. >> i will negotiate over many things i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >> cenk: oh, you won't negotiate with them over that?
. >> i will negotiate over many things i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >> cenk: oh, you won't negotiate with them over that?
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. >> so congress's action means the income tax for most will not go up but you will see another tax hike this year. >> sarah simmons is back with us now to explain that. >> hey, a lot of people might be confused. there is a tax we are talking about and that is the payroll tax. this is the amount that gets taken out of your check to go towards social security. for the past two years it was reduced to 4.2% in order to give you a break. the fiscal cliff bill passed last night did not include an extension of the payroll tax cut so now the rate goes back up to 6.2%. here's what this means. a household earning 50,000 $50,000 a year will see paychecks cut by $1,000 this year. for workers making as much as $110,000 a year which is the maximum wage subject to the payroll tax that's $2200 less coming home. this could still be a big hit to the economy. with some predicting smaller economic growth. they add it is likely a surprise to many americans who had heard about income tax rates and not the payroll tax. there is some good news to show. the fiscal cliff bill includes a farm provision that preve
. >> so congress's action means the income tax for most will not go up but you will see another tax hike this year. >> sarah simmons is back with us now to explain that. >> hey, a lot of people might be confused. there is a tax we are talking about and that is the payroll tax. this is the amount that gets taken out of your check to go towards social security. for the past two years it was reduced to 4.2% in order to give you a break. the fiscal cliff bill passed last night did...
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i will not have another debate with this congress over whether or not they should pay the bills that they have wrapped up through the laws they pass. we cannot pay bills we have already incurred. the consequences would be catastrophic. borrowers from a fiscal cliff we can't go down that path again. today's agreement enshrined the principle in the law that will remain in place as long as i am president. the deficit needs to be reduced in a way that is balanced. everybody pays their fair share. everyone does their part. that is how our economy works best. that is how we grow. the total of all the budget agreements, we have reached so far, proves that there is a path forward, but it is possible, if we focus on the politics -- one on what is right for the country. the one thing that i think that hopefully the new year will focus on is being if we can put a package like this together with a little bit less drama. little less brinksmanssip. not scare the heck out of folks quite as much. we can come together as democrats and republicans to cut spending and raise revenue in a way that reduce
i will not have another debate with this congress over whether or not they should pay the bills that they have wrapped up through the laws they pass. we cannot pay bills we have already incurred. the consequences would be catastrophic. borrowers from a fiscal cliff we can't go down that path again. today's agreement enshrined the principle in the law that will remain in place as long as i am president. the deficit needs to be reduced in a way that is balanced. everybody pays their fair share....
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while leaving one congress to go into another, this ought to be a priority and we ought to do it this week. >> congressman hoyer, couple of other questions for you. some house republicans oppose the sandy aid package saying it covered many unrelated items that have nothing to do with sandy, like repairing fisheries in alaska or repairing the smithsonian institution's roof in d.c. what do you say to them? did you personalitily work y p address any of those concerns? >> they were taken out. they wouldn't have been part of the legislation. they were taken out. that was not an issue. they were taken out of the bill. it was going to be offered on the floor without those provisions in there. we didn't argue about that. this is directly about people in the states of new jersey and new york and connecticut. new jersey and new york in particular, that saw their people ravaged and put out of their homes, put out of business, put to the -- trying to fend for food. that's what this is about. not about those other unrelated items that were taken out of the bill by the appropriations committee. >>
while leaving one congress to go into another, this ought to be a priority and we ought to do it this week. >> congressman hoyer, couple of other questions for you. some house republicans oppose the sandy aid package saying it covered many unrelated items that have nothing to do with sandy, like repairing fisheries in alaska or repairing the smithsonian institution's roof in d.c. what do you say to them? did you personalitily work y p address any of those concerns? >> they were...
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it is another example of they do nothing congress. this congress did very little. it had fewer bills passed in anyone's memory. rather than go out on this note about not bringing up an emergency because of the hurricane, one of that devastating natural disasters, why not do some the positive on a bipartisan basis. let us have an open debate. we're still here and not let this congress die on this note. let it build on a positive note so when we come in and we're sworn in on thursday we can work on a bipartisan basis. i have never seen anything like it. it is deplorable. >> we're here this morning. we're here for the fellow citizens that did not put up a christmas tree or celebrate their holiday at home because they have no home. we're here for the boardwalk merchants who are not going to be starting their businesses up again this memorial day along the boardwalk because there is no business and there is the boardwalk. we're here because a lot of people people's lives are devastated. we are not asking that every member of this chamber follow our lead and vote yes in
it is another example of they do nothing congress. this congress did very little. it had fewer bills passed in anyone's memory. rather than go out on this note about not bringing up an emergency because of the hurricane, one of that devastating natural disasters, why not do some the positive on a bipartisan basis. let us have an open debate. we're still here and not let this congress die on this note. let it build on a positive note so when we come in and we're sworn in on thursday we can work...
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what the new congress faces in the months ahead. fox 5 morning news continues right now. >>> straight up 6:00 right now. here is a live look outside. we'll take a live look at the u.s. capitol dome where lots of wheeling and dealing has been going on, finally a compromise reached on the fiscal cliff deal, but, of course, our troubles are far from over. we'll be continuing to follow that story coming up. >>> good morning, everyone, it is wednesday, january 2nd, 2013. i'm sarah simmons. >> i'm wisdom martin. let's get right over to what's happening outside in the weather world. and for that we say hello once again to tucker barnes. >> hi. >> good morning. >> good morning. >> everybody headed back to work and school, at least parts of the area. >> get the seat warmers going. >> get the seat warmers going. 30s to start your day. here's a big change from yesterday. we'll have more sunshine than we've seen in the last couple of days. so it should be fairly nice looking out the window. still on the cold side. highs only about 40, maybe 42.
what the new congress faces in the months ahead. fox 5 morning news continues right now. >>> straight up 6:00 right now. here is a live look outside. we'll take a live look at the u.s. capitol dome where lots of wheeling and dealing has been going on, finally a compromise reached on the fiscal cliff deal, but, of course, our troubles are far from over. we'll be continuing to follow that story coming up. >>> good morning, everyone, it is wednesday, january 2nd, 2013. i'm sarah...
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. >> sreenivasan: for another member of congress, today marked an especially momentous return to work. republican senator mark kirk of illinois suffered a stroke 10 months ago, and had to learn how to walk again. today, he climbed the 45 steps of the capitol, with vice president biden and west virginia senator joe manchin on hand for support. secretary of state hillary clinton will return to work at the state department sometime next week. clinton was discharged yesterday from a new york hospital, where she had been treated for a blood clot in her head. a state department spokeswoman said clinton is now resting at her home in new york, but wants to get back to washington. >> some of the senior staff who spoke to her half an hour ago said that she's sounding terrific, upbeat, raring to go. she's looking forward to getting back to the office. she is very much planning to do so next week and we'll have further precise details about that as she continues to make progress. >> sreenivasan: clinton is stepping down soon. senator john kerry has been nominated to be the next secretary of state
. >> sreenivasan: for another member of congress, today marked an especially momentous return to work. republican senator mark kirk of illinois suffered a stroke 10 months ago, and had to learn how to walk again. today, he climbed the 45 steps of the capitol, with vice president biden and west virginia senator joe manchin on hand for support. secretary of state hillary clinton will return to work at the state department sometime next week. clinton was discharged yesterday from a new york...
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. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incurred. >> what leverage does the white house have left if they've already now played the card on the precipice of the fiscal cliff with the election result at their back. why now going forward would they have the leverage to entertain some type of a grand bargain or to not have to negotiate over the fiscal -- the debt ceiling limitation. >> the answer is none, michael. when i heard the president said that, i thought good luck with that. >> right. >> the one thing that this republican-dominated congress has proven over the last four years that it can do is nothing. but we had two points of leverage. they had to deal with the sequester and they had to deal with things like the estate tax and upper -- and taxes on the wealthiest. so we gave away those two face cards, if you will. i don't think we got anything in return th
. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incurred. >> what leverage does the white house have left if they've already now played the card on the precipice of the fiscal cliff with the election result at their back. why now going forward would they have the...
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. >> i will not have another debate with this congress. >> house republicans see it as a trump card. >> they should pay the bills they have already racked up. >> while they approve this deal to avert the fiscal cliff. >> last night the house of representatives failed. >> there was no deal to send money to the victims of hurricane sandy. >> lawmakers from new jersey were angry. >> last night it was my party responsible. >> they are leaving this party without help. >> congress. >> congress. >> congress. >> the laughing stock of the country. >> 66 days and counting, shame on you, shame on congress. >> all right, let's get a couple of things straight here, okay? first of all, there is nothing wrong with legislating at the last minute. in fact, on the big stuff, the politically difficult bills it is usually impossible to legislate before the last minute. now if you never found yourself going to the post office at the last minute with your tax return in hand, you may not understand it. and if you're one of those people that never studied before the last minute on final exams, then you may,
. >> i will not have another debate with this congress. >> house republicans see it as a trump card. >> they should pay the bills they have already racked up. >> while they approve this deal to avert the fiscal cliff. >> last night the house of representatives failed. >> there was no deal to send money to the victims of hurricane sandy. >> lawmakers from new jersey were angry. >> last night it was my party responsible. >> they are leaving...
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. >> it may take another downgrade, a default, the serious economic consequences that flow from it to jolt us back to some kind of reality. >> reporter: a new congress with old issues still undecided. and on a short deadline, too. it looks like we could hit that debt ceiling if a few weeks again. >> tracie potts, thank you very much. >>> house speaker john boehner has come under fire for his handling of the fiscal cliff talks and for postponing the sandy aid talk last week. we asked if the country would be better off with someone else as speaker? >> the hard right with the money machine and with the way they control the messaging and even their wing of the media has such a grip on this party that i'm afraid it's going to take a while before the republicans themselves come to their senses. i don't think it's the person who's there. boehner, by all reports, is more moderate than just about anyone else in that leadership, more mod ran than kantor or mccarthy or paul ryan. but any one of them right now is sort of almost a slave to this group of hard right people. and when you talk to thos
. >> it may take another downgrade, a default, the serious economic consequences that flow from it to jolt us back to some kind of reality. >> reporter: a new congress with old issues still undecided. and on a short deadline, too. it looks like we could hit that debt ceiling if a few weeks again. >> tracie potts, thank you very much. >>> house speaker john boehner has come under fire for his handling of the fiscal cliff talks and for postponing the sandy aid talk last...
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has to deal with yet another bruising debt ceiling battle. >> all right. thank you. >>> why do you think lawmaker waited until last minute? there is a lot of questions surrounding that. we are getting a lot of feedback on our facebook page. >> william have bad hotwood says it was to, quote, act like they are doing something for their already overrated salaries. they do this almost every year. we need to force them to change the way they work us for. share your commends our facebook page. >>> still ahead this new year's morning. >> so, a deal has been reached mentioned in the senate. that doesn't mean the tension is gone. we'll take a look at what new year's resolution lawmakers may want to consider when we come back. (woman) 3 days of walking to give a break cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the boldest breast cancer event in history? because your efforts help komen serve millions of women and men facing breast cancer every year.
has to deal with yet another bruising debt ceiling battle. >> all right. thank you. >>> why do you think lawmaker waited until last minute? there is a lot of questions surrounding that. we are getting a lot of feedback on our facebook page. >> william have bad hotwood says it was to, quote, act like they are doing something for their already overrated salaries. they do this almost every year. we need to force them to change the way they work us for. share your commends our...
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yet another. missed opportunity. >> what is the hope with the new congress? are there any glimmers of hope with some of the new ones being sworn in? >> it's basically the same place. i don't think you can say it's been transformed. some of the really outrageous people are gone which maybe will make it a little calmer, but i don't know. it's the same dynamic that's going to happen. >> who are you thinking of there, gail? >> pardon? >> who are you thinking of? >> name names. >> we'll miss joe walsh. >> allen west. >> allen west. >> can we cue up "the way we were" while she's talking about the ones who are departing? >> the sadness? >> but it's the laughter. we'll remember. >> remember. >> didn't we get allen greyson back? >> yes, you're right. >> greyson goes doubt one door in florida and crazy comes back in the other. >> it's always florida. >> it's florida, it's my state. >> florida is the new texas. >> we traded allen west for allen greyson. and let me just say, a big loss for allens of all political stripe. it is stunning, though. you look at some of these
yet another. missed opportunity. >> what is the hope with the new congress? are there any glimmers of hope with some of the new ones being sworn in? >> it's basically the same place. i don't think you can say it's been transformed. some of the really outrageous people are gone which maybe will make it a little calmer, but i don't know. it's the same dynamic that's going to happen. >> who are you thinking of there, gail? >> pardon? >> who are you thinking of?...
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. >> sreenivasan: for another member of congress, today marked an especially momentous return to work. republican senator mark kirk of illinois suffered a stroke 10 months ago, and had to learn how to walk again. today, he climbed the 45 steps of the capitol, with vice president biden and west virginia senator joe manchin on hand for support. secretary of state hillary clinton will return to work at the state department sometime next week. clinton was discharged yesterday from a new york hospital, where she had been treated for a blood clot in her head. a state department spokeswoman said clinton is now resting at her home in new york, but wants to get back to washington. >> some of the senior staff who spoke to her half an hour ago said that she's sounding terrific, upbeat, raring to go. she's looking forward to getting back to the office. she is very much planning to do so next week and we'll have further precise details about that as she continues to make progress. >> sreenivasan: clinton is stepping down soon. senator john kerry has been nominated to be the next secretary of state
. >> sreenivasan: for another member of congress, today marked an especially momentous return to work. republican senator mark kirk of illinois suffered a stroke 10 months ago, and had to learn how to walk again. today, he climbed the 45 steps of the capitol, with vice president biden and west virginia senator joe manchin on hand for support. secretary of state hillary clinton will return to work at the state department sometime next week. clinton was discharged yesterday from a new york...
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debate with congress with raising the debt ceiling. it's one thing to say that but it's another thing to make it happen, right? >> the way he negotiates is -- >> bill: to give away the store. >> yeah. >> bill: i think he will hang tough on this. because i think he learned his lesson the last time, but even if he does it doesn't mean the republicans are going to agree with it. >> i think there are numerous occasions where people say well obama learned his lesson last time, he won't do that this time. but we'll see what it means. >> bill: mark is calling from denver, colorado. happy new year. >> caller: thank you. i want to make a comment about the payroll tax which as i understand it is going to be going up. >> bill: it has already. >> yes, which is going to hit me immediately, because i am a paycheck to paycheck earner. meanwhile president obama caved on the 250,000 and up. like your show dearly bill, but how many times do you have to get burned before you say fire hurts? [ laughter ] >> bill: fair question mark. i just want to point o
debate with congress with raising the debt ceiling. it's one thing to say that but it's another thing to make it happen, right? >> the way he negotiates is -- >> bill: to give away the store. >> yeah. >> bill: i think he will hang tough on this. because i think he learned his lesson the last time, but even if he does it doesn't mean the republicans are going to agree with it. >> i think there are numerous occasions where people say well obama learned his lesson...
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america's top rating agencies say congress hasn't done enough to remove the risk of another credit downgrade even despite the deal to delay going over the fiscal cliff moody's and standard and poor's are calling on lawmakers to urgently come up with a plan to slash the growing national debt which has gone over its sixteen point four trillion dollars limit and the house of representatives approved that senate bill to avoid a train of events which experts say could plunge america back into recession nationwide tax hikes and massive budget cuts have been put on hold at least for the next two months while congress works out its next moves the bills also raises tax rates on high and is for the first time in two decades financial analysts front of wolf says they've been on capitol hill because the country's reputation at stake. congress took the u.s. government the u.s. economy hostage and they let their hostage go about an hour several hours after the hostage deadline and they now would like to be congratulated for letting their hostages go however since they took the hostages it's hard to be exc
america's top rating agencies say congress hasn't done enough to remove the risk of another credit downgrade even despite the deal to delay going over the fiscal cliff moody's and standard and poor's are calling on lawmakers to urgently come up with a plan to slash the growing national debt which has gone over its sixteen point four trillion dollars limit and the house of representatives approved that senate bill to avoid a train of events which experts say could plunge america back into...
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while i will negotiate over many things i will not have another debate with this congress whether or not they should pay the bills we have already wracked up. seems like he is not willing to entertain a fight over the debt ceiling bill. bill: do republicans trust the president's promise when he talks about spending cuts and really taking a hard look at those? >> reporter: bill, from several republicans i have spoken to seems they have this sense or learned to have this sense not to the pay too much attention to what the president says but to pay attention to what he does. listen to this remarkable statement from senator richard shelby on "fox and friends" a few short moments ago. >> i think that the president missed a great opportunity, one of leadership. he is just been reelected. he has four years left and this will be part of his legacy, the failure to step up and do the big thing when he could. he could have brought leadership to the table. he didn't. now he is wanting to talk about cutting spending? it is kind of a joke. >> reporter: some see this looming battle two months down
while i will negotiate over many things i will not have another debate with this congress whether or not they should pay the bills we have already wracked up. seems like he is not willing to entertain a fight over the debt ceiling bill. bill: do republicans trust the president's promise when he talks about spending cuts and really taking a hard look at those? >> reporter: bill, from several republicans i have spoken to seems they have this sense or learned to have this sense not to the...
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this congress over whether or not they should pay the bills that they've already wracked up through the laws that they passed. >> the president hasn't had a budget in his entire presidency, no matter who was in charge in the house or senate and he doesn't want one. he will in fact be the greatest spending president of all time and there's no question at all. he plans to leave office with the trillion dollar a year of deficit happily. >> megyn: see, the president says he's not going to deal with the congress on that, but he has to that's sort of how we got into the fiscal cliff position. the last time they had to raise the debt ceiling the republicans said we're not doing it unless we have offsets and cost saving measures and they came up with this plan that we all just basically fall apart the end of 2012 so the president kind of hacked the deal with congress on this. tion, who wi will the republicans be able to force him into some spending cuts in exchange for raising the debt limit again? he's saying, i'm not doing that again, but are the republicans going to give it to him if he
this congress over whether or not they should pay the bills that they've already wracked up through the laws that they passed. >> the president hasn't had a budget in his entire presidency, no matter who was in charge in the house or senate and he doesn't want one. he will in fact be the greatest spending president of all time and there's no question at all. he plans to leave office with the trillion dollar a year of deficit happily. >> megyn: see, the president says he's not going...
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. >> reporter: so in march we may see another round of fighting. president obama says he hopes congress can reach an agreement with a little less drama. >> katie: what are the chances that republicans go along with raising the debt ceiling? >> we've seen there fight before. republicans will probably have to go along with it because the country will reach its borrowing limit, but republicans see it as bargaining tool. they wanted deeper spending cuts and deficit reduction and probably end up getting it. >> katie: thank you. today one of suspects in a murder of former winery owner at his mansion will be in court, 21-year-old javier garcia will be arraigned and 23-year-old man should be in court and lou cast anderson was already arraigned and one other was booked as an accessory in the death of his mansion during a home invasion in november. our media partner says they portray him as a ruthless businessman accused of hiding millions of dollars of assets from creditors. >>> dramatic new video of the arrest of the driver that killed two people while run
. >> reporter: so in march we may see another round of fighting. president obama says he hopes congress can reach an agreement with a little less drama. >> katie: what are the chances that republicans go along with raising the debt ceiling? >> we've seen there fight before. republicans will probably have to go along with it because the country will reach its borrowing limit, but republicans see it as bargaining tool. they wanted deeper spending cuts and deficit reduction and...
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>> well, let me give you another take. this idea that you measure accomplishment by the number of bills passed, i think you have to remember how many of those in previous congresses were post offices being named. >> 40 such bills in this one. >> well, let me focus on what did get done. there was a budget deal in april of 2011 that cut discretionary spending. the debt ceiling deal it was was a gigantic deal. >> one of the most painful in history and one that will be repeated. >> it probably will be repeated. you're not going to get a debt ceiling through unless -- >> are we going to get our credit downgraded again? >> that may have been a triggering event but what downgrades your credit are $ four trillion dollar deficits in a row and no credible plan to get spending under control. this administration hasn't presented one, the senate hasn't done a budget in three years the only real spending cut occurred around that budget negotiation. there's other triggering events. there's sequester and the continuing resolution. at the
>> well, let me give you another take. this idea that you measure accomplishment by the number of bills passed, i think you have to remember how many of those in previous congresses were post offices being named. >> 40 such bills in this one. >> well, let me focus on what did get done. there was a budget deal in april of 2011 that cut discretionary spending. the debt ceiling deal it was was a gigantic deal. >> one of the most painful in history and one that will be...
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session for another day and a half and 190 democrats. you know, we can divide the numbers anyway you want. let's say they get 150 democrats or maybe less because there are plenty of people on the left who think the president caved on those tax rates after campaigning at the level of $250,000, the president caved. he didn't need to cave. he should have played hardball. they're going to be disaffected. they're going to take a walk on leadership. okay. let's call it 140 democrats. 218 is the majority. do the math, carry the one. what am i up to? 78, 80 republicans they would need. it's still unlikely i think that john boehner would put something on the floor that would need that many democrats and that few republicans that would support it. >> still too far away when it comes to numbers. thanks for doing that. luke, i want to get to you before we go to break in the next minute or so. if we do see an amendment made to the bill that came over from the senate 14 hours ago, is the senate there? they are in session, but will the members be -- ca
session for another day and a half and 190 democrats. you know, we can divide the numbers anyway you want. let's say they get 150 democrats or maybe less because there are plenty of people on the left who think the president caved on those tax rates after campaigning at the level of $250,000, the president caved. he didn't need to cave. he should have played hardball. they're going to be disaffected. they're going to take a walk on leadership. okay. let's call it 140 democrats. 218 is the...
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. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the pill bills they have already racked up through the laws they passed. >> reporter: the president said with those upcoming to base he hopes for less drama and congress went scare americans like they dead. >> we do have more on the fiscal cliff vote on our website just log on to ktvu.com. >>> tomorrow new members of he defeated long-time damage mop pete stark. he is getting the key to his new office on capitol hill this morning. >>> the man accused of starting a fire is due in court today to enter a plea. he is tomorrow -- and a fire taylor chapel in july. he's being held on $250,000 bail at the solano county jail. >>> time now 6:18. let's head over to sal who is taking a look at how things are looking in contra costa county. >> that is right claudine and dave. highway 4 we will start there. look at the traffic coming over the willow pass grade. a little bit of slow traffic in the antioch. it is a little lighter than usual but people are going back to w
. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the pill bills they have already racked up through the laws they passed. >> reporter: the president said with those upcoming to base he hopes for less drama and congress went scare americans like they dead. >> we do have more on the fiscal cliff vote on our website just log on to ktvu.com. >>> tomorrow new members of he defeated long-time...
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. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >>> plus, hillary watch, just a short time ago, an suv carrying former president bill clinton left from an underground garage at a new york hospital where his wife, hillary, is still being treated for that blood clot in her head. good day, happy new year, i'm andrea mitchell live in washington. president obama arrived in washington today after a victory on the future of tax rates for all americans, but the fiscal cliff has set the stage for still future debt ceiling debacles to come. joining me now for our daily fix in the new year, chris cillizza and our correspondents on the hill, kelly o'donnell from the capitol and luke russert right here on the set. thank you all very much. first you, kelly, the late-night deal that averted the fiscal cliff left a lot of things still to come. what's the next fight? >> reporter: well, in addition to everyone's body clock being a little off, they have to gear up -- it's so t
. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >>> plus, hillary watch, just a short time ago, an suv carrying former president bill clinton left from an underground garage at a new york hospital where his wife, hillary, is still being treated for that blood clot in her head. good day, happy new year, i'm andrea mitchell live in washington. president...
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. >> we'll negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >> when the president said today that round two will be the debt ceiling, he's right. >> wanting no fight over the debt ceiling? are you kidding me? what the president was saying was i'm the not going to play chicken with the debt limit. >> the president also wanted an unlimited debt ceiling increase. that's just, that's clearly somebody who is quite happy to go over the fiscal cliff. >> washington needs to be put on a mega diet. >> so this is the hollow victory, a victory of he revenue with no change in the nation's mark towards the coming breach. >> if we do not take out spending, then the cliff may not seem like a cliff, but will be a downward slide to make us like greece. >> and the republicans willing to tolerate a temporary partial government shutdown and insist that we get off the road to greece? because that's the road we're on right now. >> the uncertainly of whether or not we'r
. >> we'll negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >> when the president said today that round two will be the debt ceiling, he's right. >> wanting no fight over the debt ceiling? are you kidding me? what the president was saying was i'm the not going to play chicken with the debt limit. >> the president also wanted an...
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. >> i will not have another debate with this congress over whether or not they should pay the bills they've already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incured. >> sounds like he's pretty strong and stern on that. what dooungs, governor? >> he is and he ought to be. the last time, it was an international disgrace, not just a national disgrace, but an international disgrace. we shouldn't play politics with that. we owe this money. we've got to pay it. we've got o to have the funds to pay it. i think the sequester comes up in two months, probably a week or two before the debt ceiling. we're going to have to have some resolution of the broader problem. what the president should do when he gets back from hawaii, call the congress and the congressional leaders and let's get to work on the grand bargain. the big deal. and the big deal is going to require, as chairman cleaver said, more compromise. on everyone's behalf. on the president's behalf and on the republicans behalf. progressives have to understand that and we've go
. >> i will not have another debate with this congress over whether or not they should pay the bills they've already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incured. >> sounds like he's pretty strong and stern on that. what dooungs, governor? >> he is and he ought to be. the last time, it was an international disgrace, not just a national disgrace, but an international disgrace. we shouldn't play politics with that....
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. >> congress cutting it close to avid the fiscal cliff. nation back into another recession, today, name calling picked up. boehner for letting lawmaker goes on vacation. house members not due back ununtil sunday. that is two days before the tax increases take affect. boehner is putting the ball in the court and says the house will take action on whatever the senate can pass. the president has spoken to senate and house leaders from both parties but had no plans to meet with congressional leaders tonight or tomorrow. >> three people have filed a federal lawsuit against city of san francisco arks kusing the police department of conducting illegal searches. this occurred at the henry hotel. saying police officers entered room was a master key provided by the hotel, then, began searching through personal belongings without warrants or just cause. thist@2p is camera footage of te searches by public defender last year. the suit filed by civil rights attorney john buress naming four officers. >> a slew of new laws set to hit the books january 1 f
. >> congress cutting it close to avid the fiscal cliff. nation back into another recession, today, name calling picked up. boehner for letting lawmaker goes on vacation. house members not due back ununtil sunday. that is two days before the tax increases take affect. boehner is putting the ball in the court and says the house will take action on whatever the senate can pass. the president has spoken to senate and house leaders from both parties but had no plans to meet with congressional...
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. >> reporter: the last time congress fought over the debt ceiling the u.s. saw the first ever credit downgrade. >> it may take a default, another downgrade and the serious economic consequences that flow from it to jolt us back to some kind of reality. >> reporter: a new congress with old issues still undecided. >> and that was nbc's tracie potts. >>> in aurora, colorado, family members of victims from this summer's movie theater shooting are disgusted by the theater's plans to reopen. cinemark plans to show a movie in the theater where 12 people were injured and 58 injured when a gunman opened fire on july 20th. in the letter eight of the victims' families say plans to go back to business as usual are appalling and returning to the theater would be like entering a slaughterhouse. >> none of us are interested in ever stepping foot in that theater, that killing field, ever again. and to assume that we would warm to that idea is really astonishing to me. >> the families say they're organizing a boycott of the event. city officials say a community survey showed
. >> reporter: the last time congress fought over the debt ceiling the u.s. saw the first ever credit downgrade. >> it may take a default, another downgrade and the serious economic consequences that flow from it to jolt us back to some kind of reality. >> reporter: a new congress with old issues still undecided. >> and that was nbc's tracie potts. >>> in aurora, colorado, family members of victims from this summer's movie theater shooting are disgusted by the...
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this could set stage for another capitol hill battle as congress must vote to raise the debt ceiling. >> new this morning, gay marriage ceremonies are under way in maryland. same-sex couples have been able to get marriage licenses in the free state for about three weeks but the new law didn't go into effect until the strike of midnight in the new year. dozens of same-sex weddings are scheduled for today including some at city hall in baltimore and a mass wedding event at the black walnut point inn on tillman island. >>> maryland is also banning arsenic in chicken feed and allowing parents to freeze their child appear credit in an effort to prevent identity theft. in virginia, it will be harder for state and local governments to take property in the name of eminent domain. and insurance agents will now have to perform property owners if their policy excludes coverage for earthquake damage. >>> let's talk football. the redskins are still the talk of the town. >> the excitement over their first division tight until 13 years is overwhelming. tickets for sunday's game are all sold out thro
this could set stage for another capitol hill battle as congress must vote to raise the debt ceiling. >> new this morning, gay marriage ceremonies are under way in maryland. same-sex couples have been able to get marriage licenses in the free state for about three weeks but the new law didn't go into effect until the strike of midnight in the new year. dozens of same-sex weddings are scheduled for today including some at city hall in baltimore and a mass wedding event at the black walnut...
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setting the stage for another fight n capital hill. even though gas prices nevee went higherrthan they did back in 2008... gas prices.. onn aveeage... forr2212 were the ever.the naaionwide average prices for a gallon of regular pit 3-60 this yyar... hat's up 9 cents frommthe previouss record set in 2011.triple- a blames hurricanes.. refinery outages and tensions in the prices.despite prices of more than 4 dollars a gallon back in 2008... the average price that year as juut 3-25. aanew studd shows size... shape... and color of a pill directlyyinfluences wwether patients will take the some pptients who received gennric drugs varying in color were more than 50-percent likely to stop takkng them. generrccdrugssmust have tte same dosage strength as the brand-name verssons, despite how differenttthey may look. of the pill, but what's inside that counts. baltimore rings in the new year... ii syle... anddin safe. safety.bmore fireworks nats natsnew year's violence has become a tradition here in thh city... but last night... was thankfully a pe
setting the stage for another fight n capital hill. even though gas prices nevee went higherrthan they did back in 2008... gas prices.. onn aveeage... forr2212 were the ever.the naaionwide average prices for a gallon of regular pit 3-60 this yyar... hat's up 9 cents frommthe previouss record set in 2011.triple- a blames hurricanes.. refinery outages and tensions in the prices.despite prices of more than 4 dollars a gallon back in 2008... the average price that year as juut 3-25. aanew studd...
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house, of the congress. where does everything stand right now? >> well, judy, house republicans met about an hour, hour-and-a-half ago. they just had been on the house floor. now that vote was not notable except it was a whip session. here's what house republican leaders have told their rank-and-file. we have two choices for you. choice one is to amend this bill. they've got a package ready to go of spending cuts. 's about $330 billion over ten years. the house has already passed it. it's a sequester replacement bill. it cuts food stamps, federal pensions. it cuts some other domestic spending. it gets rid defense cuts. we can pass that and attach it to the senate deal and send it back to the senate. they've also been warned, you can do that if you want to. if you do that, it probably kills this deal. harry reid, his aide senate democrats have been adamant. they're not going to touch an amended version of this deal that was brored between republican leader and the vice president. option 2 is to pass that sena
house, of the congress. where does everything stand right now? >> well, judy, house republicans met about an hour, hour-and-a-half ago. they just had been on the house floor. now that vote was not notable except it was a whip session. here's what house republican leaders have told their rank-and-file. we have two choices for you. choice one is to amend this bill. they've got a package ready to go of spending cuts. 's about $330 billion over ten years. the house has already passed it. it's...
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he does have another option. which is to do nothing or vote the bill down and let the 113th congress fight this out. democrats are already walking around the hill judy, making it clear that the entire deal is off. of course, constitutionally the bill has to be rewritten after thursday. afternoon on thursday. but the deal is off. the tax rates will be different. everything will be different at that point. >> woodruff: todd, why aren't republicans more concerned about what we heard just now from a democratic member of congress from tennessee? and that is what the stock market reaction is going to be. how the economy is going to react if this agreement is not reached tonight? >> well, they may be concerned about it. i don't think it's fair to say that they're not concerned about it at all. many people have memories of the tarp debate from a couple of years ago. keep in mind house republicans voted down that emergency deal too. only to see the market tank, as i recall, 777 points and then come back and pass the deal.
he does have another option. which is to do nothing or vote the bill down and let the 113th congress fight this out. democrats are already walking around the hill judy, making it clear that the entire deal is off. of course, constitutionally the bill has to be rewritten after thursday. afternoon on thursday. but the deal is off. the tax rates will be different. everything will be different at that point. >> woodruff: todd, why aren't republicans more concerned about what we heard just now...
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one bank of america analyst says the twin peaks are left for the new year meaning congress still has to deal with the issue of spending cuts which they pushed off for another two months and they've also got to deal with the debt ceiling and some analysts are predicting another credit rating downgrade if the debt ceiling negotiations get chaotic again. another analyst says this, with the debt ceiling negotiations in just 60 days, the smart money knows the bullish sentiment here will be short-lived, that the lesson for investors is buyer about he ware. victor? >> markets open 9:30 eastern. see you in about 20 minutes at the ringing of the bell. thank you. >>> there may be no clear-cut winners in the fiscal cliff deal but both sides said they got less than they wanted. vice president joe biden brokered the deal with the minority leader mitch mcconnell and convinced fellow democrats to support it and biden's rising stature could be critical in the painful spending cut negotiations that loom down the road, just two months away. let's bring in white house correspondent brianna keilar and b
one bank of america analyst says the twin peaks are left for the new year meaning congress still has to deal with the issue of spending cuts which they pushed off for another two months and they've also got to deal with the debt ceiling and some analysts are predicting another credit rating downgrade if the debt ceiling negotiations get chaotic again. another analyst says this, with the debt ceiling negotiations in just 60 days, the smart money knows the bullish sentiment here will be...
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Jan 2, 2013
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while it will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills they vardy racked up through the last of the past. that may repeat. we can't not pay bills that we vardy incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic, far worse than the impact of a fiscal cliff. people will remember back in 2011, the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged, business investment plunged, growth dropped. we can't go down that path again. today's agreement enshrined the principle unto god that we remaining places on the long as i am president. the deficit needs to be reduced in a way that's balanced. everyone pays their fair share. everyone does their part. that's how our economy works best. that's how we grow. the sum total of budget agreements we've reached so far proves that there is a path forward, that it is possible if we focus not
while it will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills they vardy racked up through the last of the past. that may repeat. we can't not pay bills that we vardy incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic, far worse than the impact of a fiscal cliff. people will remember back in 2011,...
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Jan 2, 2013
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while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that the past. let me repeat. we cannot not pay bills that we have already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic, far worse than the impact of the fiscal cliff. people remember back in 2011, the last time this course of action was threatened, the entire recovery was put at risk. consumer confidence plunged. business investment plunged, growth crop. we cannot go down that path again. today's agreement enshrined the principle of the law that will remain in place as long as i'm president. the deficit needs to be reduced in a way that is balanced. everyone pays their fair share and does their fair part. that is how the economy works best. that is how we grow. the sum total of all the budget agreement we reached so far proves there is a path forward, that it is possible. i
while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that the past. let me repeat. we cannot not pay bills that we have already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic, far worse than the impact of the fiscal cliff. people...
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Dec 28, 2012
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we face this fight with a new congress, right? >> yeah. this would be another can-kicking exercise. it would also likely or possibly include any type of spending reform or tax reform to be continued through next year. adam: there's the president. rich, thank you. >> for the past couple of months i've been working with leaders of both parties to try and forge an agreement that would grow our economy and shrink the deficit. a balanced plan that would cut spending in a responsible way but also ask the wealthiest americans to pay a little more. and above all, protect our middle class and everybody who is striving to get into the middle class. i still want to get this done. it is the right thing to do for our families, four or businesses and for our entire economy but the hour for immediate action is here. it is now. we're now at the point where in just four days every american's tax rates are scheduled to go up by law. every american's paycheck will get consider bring smaller. and that would be the wrong thing to do for our economy. it would be bad for middle class families and it would
we face this fight with a new congress, right? >> yeah. this would be another can-kicking exercise. it would also likely or possibly include any type of spending reform or tax reform to be continued through next year. adam: there's the president. rich, thank you. >> for the past couple of months i've been working with leaders of both parties to try and forge an agreement that would grow our economy and shrink the deficit. a balanced plan that would cut spending in a responsible way...
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Jan 3, 2013
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. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already wracked up through the laws they already passed. >> all right. so the line in the sand is drawn. let's turn to karen finney, msnbc contributor, former dnc communications director. and also with us tonight michael steele, former rnc chairman and an msnbc contributor. great to have both of you with us. michael, you first. going forward, the line in the sand is set. how is president obama going to keep the budget cut negotiations separate from any kind of debt ceiling vote? your thoughts. >> that's a very good question, ed. and i think that's one of the challenges the president is actually going to face. so i appreciate his comment when he said i will no longer negotiate with this congress. he is right. this congress is over. a new congress comes in tomorrow, augmented, mind you, with ten new, you know, a majority of 10 in the senate for democrats, an additional eight democrat house members. so there is a little bit more the
. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already wracked up through the laws they already passed. >> all right. so the line in the sand is drawn. let's turn to karen finney, msnbc contributor, former dnc communications director. and also with us tonight michael steele, former rnc chairman and an msnbc contributor. great to have both of you with us. michael, you first....
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. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. >> now white house officials says the president is firmer about that because he believesat kreiger a year and a half ago scared the markets, scared consumers and had a big bad impact on the chief, john. >> don't republics say that the debt ceiling is the only tool they have to get the president to cut more spending. >> that's right. they are basically saying look at a time when we have $16 trillion in debt. we have to have this debate. and republicans like richard shelby said today that the real problem with this deal from last night is that it doesn't cut any spending. take a listen. >> this will be part of his legacy. the failure to step up and do the big thing when he could, he could have brought leadership to the table. he didn't. now he is wanting to talk about cutting spending, it's kind of a joke. >> now, this is why there is a lot of republicans like richard shelby who
. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. >> now white house officials says the president is firmer about that because he believesat kreiger a year and a half ago scared the markets, scared consumers and had a big bad impact on the chief, john. >> don't republics say that the debt ceiling is the only tool they...
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delays large cuts to the pentagon and other programs. >> so in march we may see another round of fighting. president obama says he hopes congress can strike a deal with a little less drama. >>> some dramatic temperature readings this morning. are you feeling it? we are in the mid 20s. >> it's very dramatic to me. >> what is going on. >> good morning. as we get down to 28 in livermore and 29 in fairfield. and 27 in santa rosa. it's colder and that is what we're talking about. 30 in concord and napa and freezing in redwood city and getting close in mountain view and san jose at 34. 36 at antioch. 34 at san rafael. low 40s east bayshore. mid 40s around san francisco. 44 at half moon bay. we do have a small slight wind so it does feel about one to three degrees cooler in some areas when you are outside this morning. let's talk about the chilled sunshine. it will joined with a few high clouds, upper 40s for lunchtime temperatures. low to mid 50s as we head through the afternoon and back in the upper 30s to mid 40s by 7:00. partly cloudy and frost tomorrow morning and then mid to upper 50s. mid
delays large cuts to the pentagon and other programs. >> so in march we may see another round of fighting. president obama says he hopes congress can strike a deal with a little less drama. >>> some dramatic temperature readings this morning. are you feeling it? we are in the mid 20s. >> it's very dramatic to me. >> what is going on. >> good morning. as we get down to 28 in livermore and 29 in fairfield. and 27 in santa rosa. it's colder and that is what we're...
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so, in march, we may see another round of fighting. president obama says he hopes congress can strike a deal with a little less drama. paula and john? >> don't count on it. >> let's hope so. round two of the spending cuts. what are the chances that republicans go along with raising the debt ceiling? i know they believe maybe they have a little leverage now? >> reporter: i feel like we've seen this movie before. republicans are going to have to vote for raising the debt ceiling. but they want deeper spending cuts and deficit reduction. and they'll probably get it. but it could be another ugly fight in two months. >> it's interesting that john boehner and paul ryan voted in favor yesterday, as well. interesting dynamic there. tahman bradley in washington. thank you, tahman. >>> and new york lawmakers are furious this morning after the house ditched a vote on billions of dollars of aide for victims of hurricane sandy. house gop leaders decided to wait for the new session of congress before taking the vote. new york republican peter king c
so, in march, we may see another round of fighting. president obama says he hopes congress can strike a deal with a little less drama. paula and john? >> don't count on it. >> let's hope so. round two of the spending cuts. what are the chances that republicans go along with raising the debt ceiling? i know they believe maybe they have a little leverage now? >> reporter: i feel like we've seen this movie before. republicans are going to have to vote for raising the debt...
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economists to warn it can throw us into another recession. fears of going over the fiscal cliff has caused consumer confidence to tumble. some political observers do not think congress will reach a deal in the next few days. >> i think if we get to january 2 and we see the markets going down and constituents getting angry or anxious about their financial situation, you will see congress come to a deal a lot quicker. >> house lawmakers could be in session until january 2, and that is just a day before the new conference -- congress is sworn in. >> why would lawmakers with until after the deadline to come to an agreement? >> they can't seem to hammer out anything right now but if they do reach something before the deadline, they will have to raise taxes for many taxpayers but if they do it after the deadline -- if everything expires -- they will be seen as having cut taxes and that is the distinction for many republicans. >> thank you so much. the maryland live casino at the wrong bill mills can save money on replacements lots because they will
economists to warn it can throw us into another recession. fears of going over the fiscal cliff has caused consumer confidence to tumble. some political observers do not think congress will reach a deal in the next few days. >> i think if we get to january 2 and we see the markets going down and constituents getting angry or anxious about their financial situation, you will see congress come to a deal a lot quicker. >> house lawmakers could be in session until january 2, and that is...
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another write-off going to hollywood. of a $20 million break anytime a movie is shot in an economically depressed area of the united states. there's a subsidy for rum made in puerto rico. a tax break if you train a mine rescue worker, and a tax credit for every kilo watt of electricity produced by the wind. it added $74 billion in spending through changes in the tax law. >> do you consider this pork? >> oh, absolutely . this was filled with pork. >> reporter: republican congressman darryl issa who voted no on the bill vase many house members felt blindsighted by tax breaks that were never debated. >> they couldn't get these through any other way. >> reporter: but supporters of the tax provisions say they will create jobs. dan of the international speed way corporation says faster tax write-offs will lead to more investment in tracks and stadiums. >> it's not a tax break. it's creating shovel-ready capil investment in communities that desperately need jobs. >> reporter: for many in congress who had sworn off these tax brea
another write-off going to hollywood. of a $20 million break anytime a movie is shot in an economically depressed area of the united states. there's a subsidy for rum made in puerto rico. a tax break if you train a mine rescue worker, and a tax credit for every kilo watt of electricity produced by the wind. it added $74 billion in spending through changes in the tax law. >> do you consider this pork? >> oh, absolutely . this was filled with pork. >> reporter: republican...
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they have another couple of months to debate things. once they figure it out, they will come to a decision which we hope will be the best interest of the country. >> this extraordinary new year's drama has played out as barack obama prefers for his second term. a second term in which you would like to achieve big things on immigration reform, climate change, and gun control. it is clear with a bitterly divided congress come none of it will come easily. >> for more reaction from capitol hill i spoke a short time ago with republican congresswoman marcia blackburn of tennessee and 1 of her colleagues that voted against the bill. the stocks have had their best day in over a year. that might have been a different picture if the majority of your colleagues voted against this deal. congresswoman, is that something that you were prepared to do, to take a vote to send america back into recession? >> i have already voted to extend all the tax cuts for everyone. what i did not like about the bill once we got it and were able to read it was the amo
they have another couple of months to debate things. once they figure it out, they will come to a decision which we hope will be the best interest of the country. >> this extraordinary new year's drama has played out as barack obama prefers for his second term. a second term in which you would like to achieve big things on immigration reform, climate change, and gun control. it is clear with a bitterly divided congress come none of it will come easily. >> for more reaction from...
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they have another couple of months to debate things. once they figure it out, they will come to a decision which we hope will be the best interest of the country. >> this extraordinary new year's drama has played out as barack obama prefers for his second term. a second term in which you would like to achieve big things on immigration reform, climate change, and gun control. it is clear with a bitterly divided congress come none of it will come easily. >> for more reaction from capitol hill i spoke a short time ago with republican congresswoman marcia blackburn of tennessee and 1 of her colleagues that voted against the bill. the stocks have had their best day in over a year. that might have been a different picture if the majority of your colleagues voted against this deal. congresswoman, is that something that you were prepared to do, to take a vote to send america back into recession? >> i have already voted to extend all the tax cuts for everyone. what i did not like about the bill once we got it and were able to read it was the amo
they have another couple of months to debate things. once they figure it out, they will come to a decision which we hope will be the best interest of the country. >> this extraordinary new year's drama has played out as barack obama prefers for his second term. a second term in which you would like to achieve big things on immigration reform, climate change, and gun control. it is clear with a bitterly divided congress come none of it will come easily. >> for more reaction from...
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end run around congress? judge napiltano joining us next and may be fired up about it. tracy: we'll see. staples up 3%, and priceline up almost 2%. we'll be right back. ♪ ♪ [ cows moo ] [ sizzling ] more rain... [ under mbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. ashley: we said how new car sales finished strong in 2012, but what about overall retail sales? lauren has details on december. same store sales, lauren? >> ashley, a little bit better than expected for the the month of december. sales grew by 4.5%, and that was better than last year's growth, but there are still problems. before we talk about the problems, let's talk about the winners out of the 17 retailers that have their retail sales tracked on a monthly basis. costco, a huge winner up 9% incoming gas sales. macy's a winner, although, i
end run around congress? judge napiltano joining us next and may be fired up about it. tracy: we'll see. staples up 3%, and priceline up almost 2%. we'll be right back. ♪ ♪ [ cows moo ] [ sizzling ] more rain... [ under mbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. ashley: we said how...
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but that's another issue we'll discuss. let me bring annie lowry into this discussion. senior economic policy reporter at "the new york times." the debt ceiling, the fiscal cliff. we keep trying to solve storms of our own making. nothing being discussed this weekend as steven just made clear. any closer to solving our long-term issues? what we are in at the moment, the reason you are on tv with me right now is this is crisis management that washington is in right now. it doesn't make any sense. >> yeah. it doesn't. and i think that if you look even a month or two ago, folks were talking about starting a tax reform, clean up the code, freeing up money to invest in things like education. nobody's talking about that anymore. you know, right now they're really struggling to figure out what to do with the tax cuts. and, you know, they're not even talking about the sequester very much anymore, which would -- you know, the tax cuts, they would hurt immediately. and everybody's taxes are going up next year if you're a wage earner one way or another because of the payroll tax ho
but that's another issue we'll discuss. let me bring annie lowry into this discussion. senior economic policy reporter at "the new york times." the debt ceiling, the fiscal cliff. we keep trying to solve storms of our own making. nothing being discussed this weekend as steven just made clear. any closer to solving our long-term issues? what we are in at the moment, the reason you are on tv with me right now is this is crisis management that washington is in right now. it doesn't make...